Land Tax

441 The Hon. S.C. MULLIGHAN (Lee) (4 May 2021). How many property owners have seen an increase in their land tax bill due to:

(a) aggregation changes?

(b) the application of the trust surcharge?

1. What is the average increase to property owners who have seen an increase in their land tax bill due to aggregation changes?

2. What is the average increase to property owners who have seen an increase in their land tax bill due to the trust surcharge?

3. What is the highest land tax increase experienced by a property owner as a result of aggregation changes?

4. What is the highest land tax increase experienced by a property owner as a result of aggregation changes?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

Land tax billing for the 2020-21 financial year is still in progress, with assessments yet to be issued for all landowners. Until the billing process is completed, it is not possible to determine the number of taxpayers and land tax collected by value thresholds, including any changes in these as a result of the government's land tax changes. Additionally, taxpayers have 60 days from receiving a notice of assessment to object to an assessment if they believe it is incorrect, which may result in reassessments.

When the government's land tax reform package was announced, it was estimated that 92 per cent of individuals would pay less land tax and 8 per cent of individuals would pay more land tax. It was also estimated that 75 per cent of company groups would pay less land tax and 25 per cent of company groups would pay more land tax.

The government has increased relief available under the land tax transition fund from 50 per cent to 100 per cent of the relevant increase in a land tax bill above $2,500 and up to $102,500 in 2020-21 due to the changes in aggregation of land (all other criteria remain unchanged). This increased the total value of estimated relief for private landowners under the reform package to over $200 million over the three years to 2022-23.